GFOA's Proposed Derivatives Checklist Could Affect Muni Issuers Under Audit

Fine, Jacob; Hume, Lynn
June 2006
Bond Buyer;6/27/2006, Vol. 356 Issue 32411, p7
Trade Publication
The article reports on the concern of Mark Scott, director of the U.S. Internal Revenue Service's (IRS) office of tax-exempt bonds, on the proposed derivatives checklist created by the Government Finance Officers Association for municipal bond issuers. He said that the checklist could have implications for municipal issuers. He also advised issuers considering the checklist to be careful because the IRS would likely use it as part of the auditing process.


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